Greenbelt Resources Corporation announced that Biofuels and Energy, LLC planning to utilize Greenbelt’s proprietary technology for its SLV Biopro Project, has secured offtake agreements in excess of 40% of the projected bioethanol production of the Colorado project. The SLV Biopro Project located in San Luis Valley, Colorado has progressed steadily since being announced earlier this year. The total SLV Biopro Project budget is estimated at $9.0 million, depending on final location and production capacity, of which about $7.2 million is allocated to Greenbelt’s system. This project is the first of three similar projects on B&E’s four-year time horizon and therefore potentially represents in excess of $20.0 million in sales for Greenbelt. It was announced last month that Greenbelt will provide fee-based engineering consulting services to B&E during the development phase of this project, which intends to utilize various food wastes and surplus, including potato industry processing waste and off-spec grains.